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Global Markets Analysis – 08 May 2017

A commentary written by Tony Tong

08.05.2017 周一 美豆油上攻60天线初步成立 内盘 马盘油脂商品涨幅增大



马盘毛棕榈油基准7月,上周五光头光脚中阳K线上涨,期价依托下方5日10日 20日均线反弹上扬,正在试图上攻上方的40天60天均线高度,只要美盘豆油保持上攻态势,我们继续短多观点对待马盘棕榈(马棕榈“对勾式”低位反弹走势进行中,即便今天周一盘中阳K线右上角小阴K线整理,暂也不惧)。


• US soybean oil breaks above the 60-day moving average, bring up the low points.
• Unless there is enough short interest to resist the uptrend of US soybean oil, we remain bullish on China and Malaysia edible oils.

• Traders may retain long position, maintain the rebound outlook.
• We shall observe the short-term strength of the uptrend of US soybean oil.

This post is contributed by OPF Guest Blogger, Tony Tong.

Tong used to be a capital market service rep licensed by China Futures Association. He became a professional independent trader later on. He has more than 10 years of personal experience trading in commodity futures market and is adept at cross-market analysis to identify trading opportunities. He uses fundamental analysis to filter out the best investment products and technical analysis to determine entry and exit points and consider his trading style as moderately conservative while at the same, is also very good at medium-term position trading based on technical charts.

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DISCLAIMER: This post is written for general information only. The author, publisher and/or any third party involved in the distribution of this work assume no legal responsibilities and shall have no liability whatsoever for any direct or consequential losses, costs or expenses arising from the use of the information contained herein.


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